- #275 of 353
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Re: Thank you Car_Man [chscof]
by mattmalt
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Feb 10, 2008 (6:31 am)
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Replying to: chscof (Jan 30, 2008 8:20 pm)
Very informative posts guys. I'm looking at RTL and am wondering what value is realistic for negotiated vehicle price b/c the invoice is $30,846, but the price offered on carsdirect is much lower at $27,456. Are people getting close to that price? if so, the RTL lease with money factor and residual mentioned above and 7% tax would be down near $305. That seems great, i'm just wondering if i'm going to get laughed off the lot at dealership with these #'s in my head. thanks for help.
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- #276 of 353
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Re: Thank you Car_Man [mattmalt]
by ursamajor1
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Feb 10, 2008 (8:04 pm)
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Replying to: mattmalt (Feb 10, 2008 6:31 am)
Honda significantly increased its cash-to-dealer incentive on Ridgelines on Friday morning - it was $1500, now it's much higher (unfortunately Edmunds hasn't changed the number on its "Latest Incentives" page, I'm sure they'll update it shortly). For a purchase, based on the new dealer incentives, the CarsDirect price is actually pretty high on a purchase. Unfortunately, AHFC won't let you use the incentives against your capitalized cost on a lease, but they've reduced the money factor significantly to compensate - I was told it was now .00077.
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- #277 of 353
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Re: Thank you Car_Man [ursamajor1]
by mattmalt
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Feb 13, 2008 (4:58 pm)
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Replying to: ursamajor1 (Feb 10, 2008 8:04 pm)
Thanks for the update. I called two dealers and told them the following: I qual for super preferred credit tier. want lease on RTL w/out nav, understand money factor to be .00077 and that cars direct is looking at 27,456 for vehicle and asked if they were in the ballpark. One is still checking other would not even listen to be mentioning terms unless at dealership. I'm next going to contact carsdirect about their lease. I guess i'm wondering what price is fair for the vehicle (msrp 33725, invoice 30846 and carsdirect list of 27456) to negotiate towards on the lease. i can handle haggling processing fees and know i'll likely need security deposit, but don't have a strong feeling on what bottom line number is appropriate for this vehicle. Thanks for all the help guys!
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- #278 of 353
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Re: Thank you Car_Man [ursamajor1]
by carbuyer11
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Feb 13, 2008 (5:31 pm)
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Replying to: ursamajor1 (Feb 10, 2008 8:04 pm)
It's officially $3500, effective at least through March 3rd. This should take discounts on Ridgelines to +/- $6000. Sales are slow in the auto industry. What a great opportunity for anyone considering an '08 Ridgeline.
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- #279 of 353
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Re: Current Lease Deals [Car_man]
by idahovandal
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Feb 13, 2008 (9:37 pm)
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Replying to: Car_man (Jan 24, 2008 2:56 am)
Car Man you posted this a couple of weeks ago...could I bother you for an update? Is the $1,000 dealer cash incentive still in place, and has the money factor dropped to .00077 as posted in a recent post? Thanks!
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- #280 of 353
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Re: Thank you Car_Man [carbuyer11]
by 01tblue
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Feb 14, 2008 (9:47 pm)
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Replying to: carbuyer11 (Feb 13, 2008 5:31 pm)
Hi All,
I am picking up a 08RTS for $7260 off of sticker in NY. There are some good deals. The other huge plus is they are allowing special finance rates along with the cash back. 2.9% up to 60 months. Typically its one or the other.
I feel I got a good deal and can wait to take delivery on Monday! 
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- #281 of 353
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Re: Thank you Car_Man [01tblue]
by mattmalt
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Feb 15, 2008 (4:38 am)
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Replying to: 01tblue (Feb 14, 2008 9:47 pm)
Sounds like a good deal. I'm still trying to price the vehicle for lease (an RTL w/out nav) and got a crummy lease quote of $425 month yesterday. i'm now trying cars direct to see what they come back with so at least I can pit them against my dealer. FYI my last lease was a $400 a month on vehicle that msrp over 45k, so this quote was lousy. I calculated price quote must have been plugging in purchase price of over 32k, when RTL is being sold closer to 27k. Again, anyone have a thought on what purchase price would be appropriate to plug into my lease vehicle cost equation. i know the 27.5k price includes incentives i may not get on lease, so please any help???
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- #282 of 353
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Re: Thank you Car_Man [mattmalt]
by ursamajor1
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Feb 15, 2008 (6:50 am)
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Replying to: mattmalt (Feb 15, 2008 4:38 am)
I got a lease quote of $440 (including taxes) with no cash up front except 1st month's payment for 36/36k on an RTL/Navi, going to 15k/yr would bump by maybe $20/month. I was wrong on the .00077 money factor, the correct one is .00102, 54% residual for 36k miles. I'm pretty sure I'm going to get one, just trying to decide on lease/buy at this point.
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- #283 of 353
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Re: Ridgeline
by sfnsfn
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Feb 15, 2008 (8:05 pm)
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Replying to: ursamajor1 (Feb 15, 2008 6:50 am)
Anybody know what the 24 month lease rate money factor is? Residual percentage?
Thanks.
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- #284 of 353
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Re: Ridgeline [sfnsfn]
by mattmalt
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Feb 22, 2008 (9:20 am)
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Replying to: sfnsfn (Feb 15, 2008 8:05 pm)
My plan was to use carsdirct versus dealer to get best 36 month lease on rtl w/out nav but no luck. Dealer said he'd match or beat cd but remarkably they promised me a quote almost two weeks ago and cd keeps saying that their "dealer/partner" has not yet given them the quote. Talk about a company wasting $ on a superbowl commercial.....any suggestions on reasonable price. I think i should be out the door at around $350 incl 7% tax on 3 year lease with only first payment down, but dealer was much higher on initial quote. I can't see the lease pricing the vehicle about invoice if sale price is at least 2k under invoice. Am i wrong? any thoughts? thanks
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